Devro plc is a multinational company with registered office in

Moodiesburn Moodiesburn is a village in Scotland, located northeast of Glasgow, in the North Lanarkshire council area. It is situated on the north side of the A80 road and between the M73 and M80 motorways which converge nearby. Moodiesburn does not di ...

Chryston Chryston is a village in North Lanarkshire, around east of Glasgow, in Scotland. It lies north of its sister village, Muirhead, which is on the A80. The village has around double Muirhead's population, although the exact boundary between the ...

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which manufactures and distributes goods derived from collagen, principally sausage casings, a product in which it is the world leader. The firm also produces films, casings and other specialised collagen products for use in the health care and cosmetics industries. The company is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

History

Devro was founded as a new business of Johnson & Johnson in 1950s after its researchers developed a material suitable for the manufacture of sausage casings from collagen. The business name was devised as an

acronym An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as ...

of "Development and Research Organisation", the Johnson & Johnson unit from which it emerged. The firm was subject to a £108 million management buyout from J&J in 1991 and was listed on the

two years later. In 1996 it acquired the American firm Teepak International for US$135 million, including its majority stake in the Czech company Cutisin. The Czech unit was fully acquired in 2004. Devro sold its cellulose business in 2000 for £4.8m, which resulted in a massive exceptional loss of £54.5m. In early 2007 Devro engaged in talks with an undisclosed suitor, rumoured to be its then-largest shareholder Acomita Investment (a vehicle controlled by

John Magnier John Magnier (born 10 February 1948; also known as "The Boss") is an Irish business magnate. He is Ireland's leading thoroughbred stud owner and has extensive business interests outside the horse-breeding industry. Magnier has also been a Sena ...

), over a

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of the company. The talks were however terminated after an agreement could not be reached on issues relating to its

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. The company was promoted to the FTSE 250 Index on 27 August 2010 after the acquisition of

Arriva Arriva plc is a British multinational public transport company headquartered in Sunderland, England.Deutsche Bahn was completed. In late 2015, Devro acquired PVI Industries, a Dutch-based collagen manufacturer, in a £10m deal. Peter Page stepped down as Chief Executive on 28 February 2018, after almost 11 years in the position. He is widely credited in managing the company's turnaround. Peter was replaced by Rutger Helbing, the company's former Finance Director.

Operations

Some 1,450 of Devro's 2,200 employees are based in Europe, with the majority of these at manufacturing and research and development facilities in

Jilemnice Jilemnice (; german: Starkenbach) is a town in Semily District in the Liberec Region of the Czech Republic. It has about 5,400 inhabitants. The town centre is well preserved and is protected by law as an urban monument zone. Administrative parts ...

and Slavkov in the

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. Devro headquarters are in

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. The company's largest manufacturing site by volume is also the newest, in

Nantong Nantong (; alternate names: Nan-t'ung, Nantung, Tongzhou, or Tungchow; Qihai dialect: ) is a prefecture-level city in southeastern Jiangsu province of China, province, China. Located on the northern bank of the Yangtze River, near the river mouth. ...

, China, other manufacturing and technical plants are located in Jilemnice, Czech republic,

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in the

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and

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in Australia. The firm also has sales offices in

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, Japan and

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References

External links

*{{Official, http://www.devro.com/
Devro Select Website
Food and drink companies established in 1950 Food manufacturers of the United Kingdom Companies formed by management buyout 1950 establishments in England 1993 initial public offerings